KBA's Operating Profit Triples, Special Depreciation Strains as One-off Effect

In the fourth quarter of 2012, the sheetfed division posted a special depreciation of just under €30m. This is a reflection of the management’s strategy to focus on more profitable orders and products. It also mirrors the assessment of changes to market parameters expected in the mid-term and a more results-orientated business strategy for the future. Following this one-off special effect, which did not impact on cash, KBA’s pre-tax profit was slightly higher than the prior-year figure of €3.3m. The group posted a positive net profit for the fourth year in a row.